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AstraZeneca rejects $119 billion offer from Pfizer

May 20, 2014
By GREGORY KATZ , THE ASSOCIATED PRESS

LONDON - The board of AstraZeneca on Monday rejected the improved $119 billion takeover offer from U.S. drugmaker Pfizer, a decision that caused a sharp slide in the U.K. company's share price as many investors think it effectively brings an end to the protracted and increasingly bitter takeover saga.

 
 
 

 

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